Mentioned:
HOOD -6.63% BULL -8.20%
The opportunity in prediction markets continues to grow massively. Which is exactly why Kalshi has just raised their largest round of venture capital funding ever.
What’s happening:
- Prediction market Kalshi has raised $185M USD in a new Series C financing round
- The new funding round was led by crypto venture fund Paradigm
By the numbers:
- The new Series C round gives Kalshi a $2B USD valuation post money
Why it matters:
- Kalshi is the only prediction market in the United States of America who has been granted an approval by the Commodity Futures Trading Commission to be federally regulated and fully compliant for real world event betting
Going deeper:
- Traditional brokerage and trading platforms have also been embracing Kalshi as a partner for integrating real world events betting lately, with both Robinhood (NASDAQ: HOOD) and Webull (NASDAQ: BULL) recently forming partnerships with Kalshi
The intrigue:
- Chief Executive Office of legendary Wall Street trading and market making company Citadel Securities Peng Zhao also invested in Kalshi’s Series C financing round
